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Bulls Need Close Above $1.2144....>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Bulls Need Close Above $1.2144
*RES 4: $1.2312 Hourly support Apr 20 now resistance
*RES 3: $1.2248 Low Apr 20 now resistance
*RES 2: $1.2225 100-DMA
*RES 1: $1.2144 Hourly support Apr 26 now resistance
*PRICE: $1.2079 @ 2130GMT
*SUP 1: $1.2053 Low Apr 27 
*SUP 2: $1.2021 Daily Bear channel base 
*SUP 3: $1.2013 200-DMA 
*SUP 4: $1.1914 2018 Low Jan 19
*COMMENTARY: The lack of follow through on the break of the $1.2092 weekly
support resulted in a bounce back towards initial resistance Friday. O/S daily
studies are seen as a key concern for bears. Bulls continue to look for a close
above $1.2144 to gain breathing room and above the 55-DMA ($1.2307) to shift
focus back to $1.2389-1.2476 where the bear channel top is noted. While $1.2144
caps bears look for a close below the 200-DMA initially target $1.1914.

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